Hubbert's Peak : The Impending World Oil Shortage - New Edition

This book is written in a manner that plainly lays out the issues for those that are new or seasoned in looking at issues of fossil fuels. It was written some time ago, but is still valid today. It came highly recommended to me by one of the top energy investors in Wall Street. Later, one of my professors again recommended it in class. In 1956, Geophysicist M. King Hubbert - Then Working At The Shell Research Lab In Houston - Predicted That U.s. Oil Production Would Reach Its Highest Level In The Early 1970s. Though Roundly Criticized And Occasionally Ridiculed By Oil Experts And Economists, Hubbert's Prediction Came True In 1970. The Hundred-year Period During Which Most Of The World's Oil Was Discovered Became Known As Hubbert's Peak - A Span Of Time Almost Comically Shorter Than The Hundreds Of Millions Of Years The Oil Deposits Took To Form. Using The Same Methods That Hubbert Used To Make His Stunningly Accurate Prediction, Kenneth Deffeyes Finds That World Oil Production Will Peak Within Five Years And That There Isn't Anything We Can Do To Stop It. New Exploration And Production Technologies Can't Save Us, And Plans To Open The Arctic National Wildlife Refuge And Other Areas To Drilling Offer No More Than A Small And Soon-to-be-forgotten Blip On The Production Curve. While Long-term Solutions Exist In The Form Of Conservation And Alternative Energy Sources, They Probably Cannot - And Almost Certainly Will Not - Be Enacted In Time To Evade A Short-term Catastrophe Of Shortages, Soaring Prices, And Global Economic, Agricultural, And Possible Political Disturbance. None Of This Is News To Most Specialists And Many Within The Petroleum Industry, But Politicians, The Media, And The Public At Large Aren't Hearing About It. Thanks To This Book, They Soon Will. Thoroughly Accessible, Surprisingly Charming, And Filled With Entertaining Anecdotes, It Demonstrates Why A World Wide Energy Crisis Is Just Around The Corner. And, Though The Near-term Scenario Is Ugly, Deffeyes Tells Us What We Can Do To Thrive After Hubbert's Peak Has Passed.--jacket. Acknowledgments -- Overview -- Origin Of Oil -- Oil Reservoirs And Oil Traps -- Finding It -- Drilling Methods -- Size And Discoverability Of Oil Fields -- Hubbert Revisited -- Rate Plots -- Future Of Fossil Fuels -- Alternative Energy Sources --new Outlook. Kenneth S. Deffeyes. Includes Bibliographical References (p. 191-204) And Index. "In 1956, geophysicist M. King Hubbert - then working at the Shell research lab in Houston - predicted that U.S. oil production would reach its highest level in the early 1970s. Though roundly criticized and occasionally ridiculed by oil experts and economists, Hubbert's prediction came true in 1970. The hundred-year period during which most of the world's oil was discovered became known as Hubbert's peak - a span of time almost comically shorter than the hundreds of millions of years the oil deposits took to form.". "Using the same methods that Hubbert used to make his stunningly accurate prediction, Kenneth Deffeyes finds that world oil production will peak within five years and that there isn't anything we can do to stop it. New exploration and production technologies can't save us, and plans to open the Arctic National Wildlife Refuge and other areas to drilling offer no more than a small and soon-to-be-forgotten blip on the production curve. While long-term solutions exist in the form of conservation and alternative energy sources, they probably cannot - and almost certainly will not - be enacted in time to evade a short-term catastrophe of shortages, soaring prices, and global economic, agricultural, and possible political disturbance.". "None of this is news to most specialists and many within the petroleum industry, but politicians, the media, and the public at large aren't hearing about it. Thanks to this book, they soon will. Thoroughly accessible, surprisingly charming, and filled with entertaining anecdotes, it demonstrates why a world wide energy crisis is just around the corner. And, though the near-term scenario is ugly, Deffeyes tells us what we can do to thrive after Hubbert's peak has passed."--BOOK JACKET. In 2001, Kenneth Deffeyes made a grim prediction: world oil production would reach a peak within the next decade - and there was nothing anyone could do to stop it. Deffeyes' claim echoed the work of geophysicist M. King Hubbert, who in 1956 predicted that U.S. oil production would reach its highest level in the early 1970s. Though roundly criticized by oil experts and economists, Hubbert's prediction came true in 1970. In this updated edition of "Hubbert's Peak", Deffeyes explains the crisis that few now deny we are headed toward. Using geology and economics, he shows how everything from the rising price of groceries to the subprime mortgage crisis has been exacerbated by the shrinking supply - and growing price - of oil. Although there is no easy solution to these problems, Deffeyes argues that the first step is understanding the trouble that we are in -- Cover In 2001, Kenneth Deffeyes made a grim prediction: world oil production would reach a peak within the next decade--and there was nothing anyone could do to stop it. Deffeyes's claim echoed the work of geophysicist M. King Hubbert, who in 1956 predicted that U.S. oil production would reach its highest level in the early 1970s. Though roundly criticized by oil experts and economists, Hubbert's prediction came true in 1970. In this updated edition of Hubbert's Peak, Deffeyes explains the crisis that few now deny we are headed toward. Using geology and economics, he shows how everything from the rising price of groceries to the subprime mortgage crisis has been exacerbated by the shrinking supply--and growing price--of oil. Although there is no easy solution to these problems, Deffeyes argues that the first step is understanding the trouble that we are in. 0691141193......Page 1 front......Page 2 c01......Page 20 c02......Page 33 c03......Page 59 c04......Page 89 c05......Page 107 c06......Page 132 c07......Page 152 c08......Page 169 c09......Page 178 c10......Page 195 c11......Page 205 notes......Page 210 index......Page 224